En Cofide, nuestro compromiso social y ambiental va bastante ligado a las actividades que venimos desarrollando como banco de desarrollo, por ello. “(b) Payments on the date of execution and registration of the Option Agreement. If as to the date of this Master Agreement there is a court order, arbitration award or COFIDE 1. 1,, COFIDE 2. 1,, COFIDE 3. 48, COFIDE 4 FUNCION Y FORMA CONSTRUCTORA S.A.C. [email protected] com. Moringa health benefits yahoo dating · Zburatorul mitul online dating dating · Inhabit the praise lyrics vicky beeching dating · Funciones de cofide yahoo dating .
If an arbitration award was issued between the date of execution of the Master Agreement and before the Option Agreement is registered in the filing entries of the Properties outlined in Exhibit A that imposes a payment obligation upon Duvaz, Duvaz shall also require the consent of MPC in order to effect such payment.
Furthermore, the parties agree that after the Master Agreement is signed and before the Option Agreement is registered in each one of the filing entries of the Properties outlined in Exhibit A hereto, Duvaz may pay those obligations detailed in Exhibit F-1, without requiring the previous consent of MPC.
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MPC expressly undertakes to reimburse Duvaz for all the sums of money borne by Duvaz according to the preceding paragraphs and which, according to the Schedule of Payments contained in Exhibit F, should be borne by MPC.
To that effect, within a period of three 3 days following the date of registration of the Option Agreement in each one of filing entries of the Properties detailed in Exhibit A attached hereto, Duvaz shall inform MPC on the payments it may have effected, which must be certified with the corresponding payment vouchers.
Within a term of five 5 days following the receipt of said communication, MPC 9 shall reimburse Duvaz for all the obligations borne by Duvaz, under the terms indicated in the preceding paragraphs.
Notwithstanding the foregoing, the parties make it clear that under no circumstances shall the reimbursement obligations referred to in this paragraph entail further obligations for MPC than those established in Exhibit F attached hereto. Thus, the amount reimbursed by MPC in favour of Duvaz shall be in turn discounted from the amounts that MPC is obliged to pay during the first year in accordance with Exhibit F, and charged to the price to be paid to Duvaz, at the expense of Company B, for the transfer of the share interests and the aliquots of the mining concessions contained in Items i to iii of Point 2.
It is hereby understood that any payment other than the default and compensatory interest accrued as from the conclusion of the due diligence referred to in Article One of the Master Agreement required to release the liens that may have been imposed as provided for by any court order, arbitration award or administrative resolution that exceed the amounts established in Exhibit F to the Master Agreement, shall be made at the expense of Duvaz.
Furthermore, after the Option Agreement has been registered in each one of the filing entries of the Properties outlined in Exhibit A attached hereto, MPC undertakes to reimburse Duvaz for any payment included in Exhibit F that was not effected by MPC within the term established in Exhibit F and that should have been made by Duvaz. The above-mentioned reimbursement shall be made within a period of no more than five 5 calendar days as from the date in which Duvaz requested said payment.
Failure to pay within the stipulated term shall give rise to a daily penalty equivalent to 0. MPC shall only be released from its obligation to furnish the funds indicated in Exhibit F if: As from the execution of this Master Agreement and during the term required by MPC which may be extended during the effectiveness of the option granted by virtue of the Option AgreementMPC shall take part, either alone or jointly with Duvaz, in the renegotiation of the debts of said company, which are detailed in Exhibit F.
In order to avoid any doubt, it is hereby expressly certified that MPC shall be obliged to pay only the obligations expressly indicated in the above-referred Exhibit F. Therefore, any obligation not included in said Exhibit F shall correspond to Duvaz, and Duvaz shall not be entitled to pose any claim to MPC with regard to the foregoing.
The Parties state that the Exhibit F replacing the first one only contains the face values of the principal, as well as the interest of the accounts payable from Duvaz accrued as at December 31, Thus, the amount of the accounts payable at the moment of their payment may be higher i.
In order to avoid any doubt, it is hereby certified that MPC is not obliged to make effective disbursements for the amounts indicated in the Schedule of Disbursements detailed in Exhibit F. The obligation of MPC solely entails paying off the obligations indicated in said Schedule, either by payment or any other mechanism agreed during the renegotiation of said debts e.
It is hereby understood that with regard to the renegotiation of debts, MPC may freely pay off obligations for an amount additional to that whose value is indicated in the Schedule of Disbursements. Moreover, the Parties hereby certify that the Exhibit F that replaces the first one has been drafted in US Dollars with the sole purpose of establishing in the same currency the total amount of the principal of the obligations that MPC shall pay to the creditors of Duvaz as provided for in Exhibit F, without this implying that the debts indicated in said Exhibit F must be paid in US Dollars.
In order to avoid any doubt with regard to the foregoing, the Parties hereby agree that each one of the accounts payable indicated in Exhibit F shall be paid in the same currency in which said obligations were incurred by Duvaz. Likewise, the Parties hereby agree that the Schedule of Payments contained in said Exhibit F shall be subsequently amended by the Parties in order to reflect the renegotiation of the debts with the creditors listed in said Exhibit F.
It is hereby certified that the sole purpose of any subsequent amendment to said Exhibit F is to amend the payment dates of the obligations contained in said Exhibit F, and shall not entail a release on the part of MPC from paying the obligations indicated in said Exhibit F except in case of expired debts and provided that the obligation to hold Duvaz harmless remains in full force and effect, as detailed in the second paragraph of Point 3. Moreover, and notwithstanding the provisions of Point 3.
The payments of the accounts payable outlined in Exhibit F that Duvaz has effected from August 1, up to the date of execution of the Option Agreement and the Stock Purchase Agreement shall be demonstrated to MPC by Duvaz with the pertinent payment vouchers for their reimbursement.
In order to avoid any doubt with respect to the foregoing, the reimbursement of all the payments indicated in this paragraph shall be carried out when MPC reimburses Duvaz for the obligations contained in Exhibit F-1 to the Master Agreement, as provided for in the fourth paragraph of Point 3.
Provided it is previously authorized by MPC, Duvaz may pay the accounts payable detailed in Exhibit F from the date the Option Agreement and the Stock Purchase Agreement are executed up until the date the Option Agreement Exhibit E of the Master Agreement is registered in the filing entries of the assets of Exhibit A attached hereto except for the assets indicated in Point 3. It shall be understood that said payments shall be approved by MPC as long as MPC does not object to the payment within a period of three 3 days following the written consultation by Duvaz with regard to the origin of the payment.
Notwithstanding the foregoing, MPC shall reimburse Duvaz only for the payments that A have been previously approved by MPC, B are duly evidenced by the pertinent payment vouchers and c constitute part of the obligations indicated in Exhibit F of the Master Agreement.
A Amend the first and second paragraphs of Point 5. B Amend Point 5. C Amend Point 6. E Delete Point 6. The cost of both studies shall be borne by the Purchaser.
Said studies shall be carried out by a person or company chosen by Duvaz among three 3 proposals provided by the Purchaser, who shall delimit the scope of the studies pursuant to the terms and conditions of the Master Agreement and this Stock Purchase Agreement.
In the event that Duvaz fails to communicate the Purchaser about its choice within the above-mentioned period, the Purchaser shall be entitled to choose the company that shall carry out the studies, out of the three 3 companies proposed. Duvaz, jointly and severally with the Agents, undertakes to provide all the information that may be necessary to conduct said study.
If, under the terms hereof, the Purchaser is bound to pay the last instalment of the purchase price established in Article Four, Point 4.
The Parties agree that the Escrow Account shall be opened in any of the banks indicated in the second paragraph of Point 5. Previously, Duvaz and the Agents must have made every effort to obtain the necessary authorizations to formalize the transfer of the Assets detailed in Points 6.
With 14 regard to the Asset detailed in Point 6.
If A Duvaz and the Agents fail to obtain the consents required to formalize the transfer of the Asset detailed in Point 6. The discount referred to in the foregoing paragraph shall be made from the first payment that must be done according to Exhibit B to the Master Agreement, after receiving from the Agents or Duvaz the notice referred to in Point 2. In the event that the first payment is not enough to cover the total amount of the above-referred discount, it shall be deducted from the following payments until completing such total amount.
In other words, and by way of example, if it is not possible to transfer the share interests of the Sociedad Minera de Responsabilidad Limitada Juanita de Huancayo, the Purchaser shall be exempted from paying the instalment s set forth in Exhibit F to the Master Agreement until completing the full amount of the above-referred discount established for said Asset. It is hereby understood between the parties that the eventual non-compliance by the party who exercises the right of revocation or the right of first refusal with its obligations before Duvaz or the Agents, shall not imply any right of claim against the Purchaser, whose obligation shall be reduced by the amount corresponding to each Asset in respect of which the right of first refusal or revocation may have been exercised.
Therefore, the obligation to pay the instalments contained in Exhibit F to the Master Agreement, subject matter thereof, shall be extinguished without prejudice to the provisions of the following paragraph.
It is also hereby understood between the Parties that in the event of non-compliance by those who have exercised the right of first refusal or revocation with the obligations assumed before Duvaz for the purposes of said exercise, and if said non-compliance results in: For the application of the price and the eventual discount indicated to the second paragraph of this Point 6. In order to avoid any doubt with regard to the foregoing, the parties hereby expressly agree not to submit to the proceeding for the execution of the security interest regulated by Section 47 et seq.
If the results of any fiscal year reveal distributable profits, in accordance with the financial statements of Company B, the excess shall be distributed to the Sellers, in equal parts, and applied to the payment of the following instalment or instalments of the price, as the case may be.
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